| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 44th | Good |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Parkview Est, Kilgore, TX, 75662, US |
| Region / Metro | Kilgore |
| Year of Construction | 1996 |
| Units | 72 |
| Transaction Date | 2020-02-11 |
| Transaction Price | $5,030,000 |
| Buyer | PARKVIEW ESTATES KILGORE LLC |
| Seller | PARKVIEW ESTATES APARTMENTS LLC |
200 Parkview Est Kilgore Multifamily Investment Opportunity
Neighborhood occupancy is measured below most Longview submarkets, but nearby population and household growth suggest a broader tenant base over time, according to CRE market data from WDSuite. Renter-occupied housing is comparatively limited in the immediate area, so underwriting should emphasize leasing execution and tenant retention.
The property sits within the Longview, TX metro where neighborhood fundamentals are mixed: eateries and cafes are competitive among Longview neighborhoods (ranks 17 and 10 out of 130), while access to parks and pharmacies is limited (both rank 130 of 130). Schools trend slightly above national norms for similar areas (average rating around 3.0 and a national percentile of 61), which can support family-oriented renter demand.
Neighborhood-level occupancy is reported at 75.9% (ranked 120 of 130 in the metro), indicating looser conditions locally; this is a market context, not a property figure. Median contract rent in the neighborhood tracks near the national midpoint, supporting a relative affordability position that can aid lease retention. Rent-to-income metrics also point to moderate affordability, which is useful for pricing discipline and renewal management.
Within a 3-mile radius, WDSuite data shows recent population and household growth, with additional gains forecast, implying a larger tenant base and more renters entering the market. At the same time, the local renter-occupied share is modest, reflecting a high owner presence; investors should assume a thinner immediate renter pool but potential to capture demand from growth corridors and commuting households.
Home values in the neighborhood sit below many coastal and Tier-1 markets, which can mean more accessible ownership options relative to incomes. For multifamily owners, this can introduce competition with entry-level ownership, so asset positioning, amenities, and management quality become important for lease-up velocity and retention. These dynamics align with a cautious commercial real estate analysis that emphasizes demand diversification and operational execution.
Safety indicators specific to this neighborhood are limited in the current dataset, and WDSuite does not provide a comparable crime rank for this location. Investors should benchmark the submarket against broader Longview trends and consult local law enforcement or third-party reports to gauge recent patterns and their implications for leasing and insurance planning.
Employment access is primarily regional, with distribution and corporate services supporting commuter demand from surrounding corridors. Notable nearby employer:
- Sysco — food distribution (13.7 miles)
This 72-unit asset benefits from steady regional demand drivers and mid-market rent positioning, while the immediate neighborhood shows looser occupancy conditions than the broader metro. Population and household gains within 3 miles expand the tenant base, supporting occupancy stability with disciplined leasing and renewals. According to multifamily property research from WDSuite, the area’s rents track near national midpoints, reinforcing an affordability narrative that can aid pricing power without overextending rent-to-income ratios.
Key considerations include a modest renter-occupied share in the immediate neighborhood and limited park/pharmacy access, which puts more emphasis on property-level amenities and service quality. With ownership relatively accessible locally, competitive positioning and management execution will be central to retention and rent growth.
- Regional demand and 3-mile population/household growth support a larger tenant base over time.
- Mid-market rent context and moderate rent-to-income ratios favor lease retention and disciplined pricing.
- Competitive restaurant/cafe density offsets limited parks/pharmacies; on-site amenities can differentiate.
- Risks: neighborhood occupancy lags metro, renter-occupied share is modest, and ownership alternatives may compete for prospects.